Hi Iliya,
The features of the Office clipboard vary by version.
In Office XP (2002) and 2003 the clipboard, unlike
the regular Windows/Wordpad type of clipboard holds
up to 24 items and shows them to you visually in
the Taskpane in Word and Office so you can select
the item you need more easily as part of your work
surface.
http://office.microsoft.com/en-us/assistance/HA010347401033.aspx
The MS Windows Clipbook (Start=>Run=>Clipbrd)
that Dian mentioned has a similar functionallity
outside of the Office work surface.
You can also, depending on the type of item you're
using copy a .DOC or a Graphic from Windows Explorer
into a Word document to add that contents, but generally
it's for getting to a file and then opening it rather
than getting to parts of a file.
========
Thanks>>
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Let us know if this helped you,
Bob Buckland ?

MS Office System Products MVP
*Courtesy is not expensive and can pay big dividends*
Office 2003 Editions explained
http://www.microsoft.com/uk/office/editions.mspx